Energy

ADNOC signs 15-year LNG supply deal with German energy firm

Strategic deal reinforces ADNOC's role in global energy transition

ADNOC Drilling shareholders set to receive $358 million as H2-2023 dividend

The dividend will be paid to all record shareholders as of March 21, 2024, on or around April 3, 2024

LNG market disrupted by Red Sea crisis, prices fall sharply

Stability attributed to relatively mild winter, robust stockpiles

Four fundamental actions to build resilience in energy and natural resources in the Middle East

Challenges and opportunities amid geopolitical conflicts, pandemic recovery and climate change

UAE extends oil output cut of 163,000 bpd until end of June 2024

The oil output cut is in addition to the voluntary cut of 144,000 bpd previously announced by the UAE in April 2023

Petrol, diesel prices in UAE to increase in March

Petrol prices will go up by 15-16 fils starting next month

Saudi Aramco signs multiple supply deals worth $6 billion

The agreements are aimed at fostering localization and supply chain development

Saudi Aramco discovers 15 trillion cubic feet of gas in Jafurah field

Jafurah field's resources reach 229 trillion cubic feet of gas and 75 billion barrels of condensate

Saudi’s TAQA aims to quadruple investments in 3 years, focus on Egypt

Egypt is creating favorable opportunities for companies interested in investing in the country

Egypt, Dragon Oil ink agreement to export additional crude oil

Strategic agreement signals new era of economic cooperation

BP plans to inject $1.5 billion in new investments in Egypt

BP CEO met Egyptian President on the sidelines of the EGYPES 2024 energy show.

TAQA net profit up 107 percent at $4.5 billion in 2023

Growth driven by strong demand for transmission and distribution services

OPEC bullish on oil demand in contrast to more bearish IEA forecast

OPEC bullish on oil demand in contrast to more bearish IEA forecast

WGS 2024: UAE launches Big Data Ecosystem, Digital Twin Platform

Initiatives to improve strategic decision-making and sustainable development in energy and infrastructure sectors.

ADNOC and bp to form gas joint venture to focus on Egypt

The formation of the JV is expected to be complete later this year.

WGS 2024: Transition to clean energy should not conflict with relying on oil, says Haitham Al Ghais

Dispensing oil for other energy sources is unrealistic, says OPEC secretary general.

ADNOC Drilling reports revenues of over $3 billion in 2023

Company outlines ambitious growth plans for 2024 and beyond

Dragon Oil to drill first well in Turkmenistan’s Block 19 in December

Government-owned company expands investments in the oil sector

Duqm refinery, a $9 billion joint venture between Oman and Kuwait to launch tomorrow

New refinery boasts a daily refining capacity of 230,000 barrels of crude oil